DDS vs QXL: Correlation
Measured on weekly returns over the past three years, Dillard's, Inc. (DDS) and Quantum X Labs Inc. (QXL) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DDS and QXL?
Over the past 3 years, DDS and QXL moved with a correlation of -0.26, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.08) runs above the 3-year figure (-0.26). Over 5 years the correlation is -0.15, and the annualized covariance of weekly returns is -7870.1 %².
QXL is close to the least connected end of DDS's tracked universe, ranking #9 of 11. The last year tells two different stories: QXL led by 33.4 percentage points, +20.2% for DDS against +53.6% for QXL. Note the risk asymmetry: QXL runs 17.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
DDS vs QXL: side by side
| DDS (Dillard's, Inc.) | QXL (Quantum X Labs Inc.) | |
|---|---|---|
| 1-year return | +20.2% | +53.6% |
| 5-year return | +310.3% | +14.0% |
| Volatility (ann.) | 41.0% | 724.3% |
| Beta vs S&P 500 | 1.06 | -2.23 |
| Max drawdown (3Y) | -42.0% | -96.2% |
| Market cap | – | $0.1B |
| P/E (trailing) | 14.5 | 13.4 |
| Dividend yield | 0.09% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DDS | QXL |
|---|---|---|
| 2022 | +38.7% | -78.8% |
| 2023 | +32.1% | -80.2% |
| 2024 | +13.5% | +1032.7% |
| 2025 | +46.8% | -70.1% |
| 2026 | +4.1% | +207.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DDS and QXL good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between DDS and QXL?
As of 2026-08-27, the correlation of weekly returns between DDS and QXL is -0.26 over 3 years, -0.08 over 1 year and -0.15 over 5 years.
Is QXL a good diversifier for DDS?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dds-vs-qxl.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dds-vs-qxl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DDS correlations · QXL correlations
